Financial News: Page 171
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Lands' End sales take a $17.9M hit as it closes Sears shops
The apparel brand might be making a smart move by taking control of its retail destiny, but parting with the declining department store chain won't be painless.
By Ben Unglesbee • June 4, 2019 -
WSJ: Forever 21 hires restructuring advisers
The fast-fashion retailer hopes to renegotiate leases and overhaul operations in its efforts to avoid bankruptcy, the publication reported.
By Daphne Howland • Updated June 19, 2019 -
Retrieved from Walmart on February 14, 2019
Walmart hires new leader for Store No. 8
The incoming head of the retail giant's tech incubator, Scott Eckert, hails from investment giant Bain Capital's VC arm.
By Ben Unglesbee • June 4, 2019 -
West Elm to build out Floyd shop-in-shops
The DTC furniture brand will offer its entire product assortment in locations in Austin, Texas; Santa Monica, California; and New York.
By Caroline Jansen • June 4, 2019 -
J.C. Penney downgraded by Moody's after a rough Q1
Challenges to paying down debt aren't likely to go away as off-price keeps eating share and the department store chain tries to reconnect with customers.
By Ben Unglesbee • June 3, 2019 -
Amazon continues to shrink retail operations
Sellers are once again alarmed at perceived moves to hustle them onto the Marketplace — but that might be good for everyone.
By Daphne Howland • June 3, 2019 -
The RealReal raises $300M in Nasdaq debut, shares skyrocket
Shares rose more than 45% at press time Friday morning, signaling Wall Street's confidence in the resale site's potential.
By Daphne Howland • Updated June 28, 2019 -
Costco again 'rising to the retail challenge'
Numbers are up across the board for the company, and not even tariffs are dampening analysts' enthusiasm for one of the most consistent players in retail.
By Ben Unglesbee • May 31, 2019 -
Expectations for Nordstrom turn negative
S&P Global lowered its outlook for Nordstrom — once seen as immune from department stores' malaise — after missteps in Q1.
By Ben Unglesbee • May 31, 2019 -
Courtesy of Ulta
Ulta goes international with plans for Canada
CEO Mary Dillon said the retailer is starting small in the country, with physical stores and an e-commerce presence, but is prepared to scale quickly.
By Cara Salpini • May 31, 2019 -
Gap Inc. defends Old Navy spin-off after soft Q1
With comps down at the company's usually well-performing discount brand and ongoing missteps at its namesake, analysts worry that a split is ill-advised.
By Daphne Howland • May 31, 2019 -
J. Jill plunges on Q1 sales miss
A cool spring, fewer print catalogs and overly subdued apparel hurt sales, but most of that can be corrected, according to CEO Linda Heasley.
By Daphne Howland • May 31, 2019 -
Dollar store profits bounce back in Q1, but tariffs are a wildcard
Dollar General and Dollar Tree reported gains as they tinkered with stores and assortments, but management projections don't account for proposed duties.
By Ben Unglesbee • May 30, 2019 -
Ikea testing new app with shoppable feed, AR
The technology will first roll out in France and the Netherlands, with the goal to reach additional markets by the end of 2019.
By Caroline Jansen • May 30, 2019 -
J. Crew to shutter 20 flagship, outlet stores
Cost cuts helped boost first quarter profits, but the company remains mired in debt and growth slowed at Madewell, where its hopes are pinned.
By Daphne Howland • May 30, 2019 -
Dick's raises guidance on earnings beat
E-commerce sales rose 15%, but net income was lower than the prior year and the retailer is still facing pressure from the likes of Nike and Lululemon.
By Cara Salpini • May 29, 2019 -
Abercrombie & Fitch store closures hit Q1 sales
But right-sizing its footprint is essential to the success of its turnaround, analysts say.
By Daphne Howland • May 29, 2019 -
New tariffs could imperil Best Buy, Dick's and Bed Bath & Beyond
J.P. Morgan looks at which retailers would lose the most in a "disaster" scenario after the Trump Administration's latest trade salvos.
By Ben Unglesbee • May 29, 2019 -
Lands' End to take final steps away from Sears
As it exits store-within-a-store locations, the apparel retailer previously announced plans to open 40 to 60 owned stores in the next several years.
By Caroline Jansen • May 29, 2019 -
Retrieved from Walmart on April 25, 2019
Walmart names Amazon veteran as CTO
Suresh Kumar formerly led the e-commerce giant's retail supply chain and inventory management systems.
By Samantha Schwartz • May 29, 2019 -
Walmart's grocery pickup is reaching new, high-value shoppers
According to recent research, the service is appealing to young, affluent parents, including many who have never shopped with the retailer before.
By Krishna Thakker • May 28, 2019 -
Courtesy of Sephora
Sephora to close US stores for inclusion training June 5
"We will never stop building a community where diversity is expected, self-expression is honored, all are welcomed, and you are included," Sephora said.
By Valerie Bolden-Barrett • May 28, 2019 -
Courtesy of Target
WSJ: Target eyes ad firm acquisition
The deal, for WPP's Triad unit, could strengthen Target's in-house ad sales expertise amid a mounting battle for digital dollars with Amazon and Walmart.
By Peter Adams • May 28, 2019 -
Which private equity-owned retailers are still at risk?
Three-fourths of retailers on Moody's distressed list have gone through private equity acquisitions. Will Wall Street's debt-fueled love for retail ever fade?
By Ben Unglesbee • May 28, 2019 -
Creditors approve Topshop owner's restructuring plan
U.K.-based Arcadia, which also filed for Chapter 15 in New York in May, can now move forward with its turnaround.
By Daphne Howland • Updated June 14, 2019
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